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Investor protection and the demand for equity

Giannetti, Mariassunta; Koskinen, Yrjö - 2004 - Rev. February 23, 2004

Anecdotal evidence suggests that investor protection affects the demand for equity, but existing theories emphasize only the effect of investor protection on the supply of equity. We build a model showing that the demand for equity is important in explaining financial development. If the level...

Persistent link: https://www.econbiz.de/10009502217

Is gold a hedge against stock price risk in U.S. or Indian markets?

Manuj, Hemant - In: Risks : open access journal 9 (2021) 10, pp. 1-15

We study whether gold acts as a hedge or a safe haven in U.S. and the Indian stock markets. These two stock markets …, the BSE Sensex, and gold prices. We find that, for the period of our study, 1980-2020, gold has not served as a hedge or a … our study period. Gold returns do not exhibit a significant negative relationship with stock returns in any of the chosen …

Persistent link: https://www.econbiz.de/10012632191

Can bitcoin replace gold in an investment portfolio?

Henriques, Irene; Sadorsky, Perry A. - In: Journal of risk and financial management : JRFM 11 (2018) 3, pp. 1-19

investigates the implications of replacing gold in an investment portfolio with bitcoin (“digital gold”). Our approach is to use … portfolio with gold to a portfolio with bitcoin. These results are robust to the inclusion of trading costs. …

Persistent link: https://www.econbiz.de/10011895634